| Accrued interest | Part of the coupon interest of bonds, which is calculated in proportion to the number of days since the coupon bond issue date or since the previous coupon payment. |
| AHPR | Arithmetic mean of a trade (change in percents). Arithmetic mean of equity changes per trade. The arithmetic mean usually overestimates the profitability of a trading system as compared to the geometric mean. If the geometric mean implies the multiplication of results of each trade, the arithmetic mean just sums them. The value in percents is given in brackets. It is positive if the trading system is profitable. The negative value means that the system is losing. |
| ATM | At-the-money (ATM) is the option having the strike price on or very close to the market price. |
| BOC | Book or Cancel (BOC) The BOC policy indicates that the order can only be placed in the Depth of Market (order book). If the order can be filled immediately when placed, this order is canceled. This policy guarantees that the price of the placed order will be worse than the current market. BOC is used to implement passive trading: it is guaranteed that the order cannot be executed immediately when placed and thus it does not affect current liquidity. This fill policy is only supported for limit and stop limit orders. |
| Carry trade | Refers to a trading strategy where traders aim to profit from the interest rate differentials between two currencies. In this strategy, traders borrow money in a currency with a low-interest rate and invest it in a currency with a higher interest rate. The goal is to earn the difference in interest rates, known as the "carry," while also potentially benefiting from exchange rate movements. It's important to note that carry trade involves both interest rate risk and currency exchange rate risk. |
| Collateral Instruments | Non-tradable instruments, which can be used as client's assets to provide the required margin for open positions of other instruments. |
| Credit facility | Information about credit funds on the account |
| DLL | A Dynamic Link Library is a file that contains code and data that can be used by multiple programs at the same time. DLLs are a common way to share code and resources among different software applications, and they play a role in various aspects of forex trading, especially when it comes to custom indicators, automated trading, or platform extensions |
| Drawdown | Refers to the reduction or decline in the equity or capital of a trading account from its peak value to its lowest point due to trading losses. It measures the maximum loss experienced by a trader or trading system during a specific period, often expressed as a percentage of the account's highest balance |
| Expected Payoff | This is a statistically calculated value showing the average return of one deal. Also, it is considered to display the expected return of the next trade; |
| Face value | Nominal bond value set by the issuer. |
| FOK | Fill or Kill (FOK) This fill policy means that an order can be filled only in the specified volume. If the necessary amount of a financial instrument is currently unavailable in the market, the order will not be executed. The required volume can be filled by several offers available in the market at the moment. |
| Fractals | A Fractal is one of five indicators of Bill Williams’ trading system, which allows to detect the bottom or the top. Technical definition of the upwards fractal is a series of at least five successive bars, with the highest HIGH in the middle, and two lower HIGHs on both sides. The reversing set is a series of at least five successive bars, with the lowest LOW in the middle, and two higher LOWs on both sides, which correlates to the sell fractal. The fractals have High and Low values and are indicated with the up and down arrows in a chart. |
| FTP | Settings for publishing reports on the Internet. The trading platform allows saving and automatically publishing reports about the account state in real time. |
| GHPR | Geometric mean of a trade (change in percents). Geometric mean shows by how many times the capital changed after each trade in average. The relative equity change is often a more objective estimation than the expected payoff. Capital change in percents is given in brackets. A negative number in brackets means that on the average the capital is reduced on each trade. |
| GUI | Graphical User Interface." A GUI is a visual interface that allows users to interact with a computer program or application through graphical elements such as windows, icons, buttons, and menus, rather than text-based commands. |
| Hedged Margin | The margin charged per one lot of hedged positions. You can also select here margin calculation mode for hedged positions — using the larger leg. |
| HFT | High frequency trading (HFT). As the name implies, trade operations are carried out at a high speed and frequency. |
| Intraday | Orders are canceled at the end of the current trading. |
| IOC | Immediate or Cancel (IOC) In this case a trader agrees to execute a deal with the volume maximally available in the market within that indicated in the order. In case the order cannot be filled completely, the available volume of the order will be filled, and the remaining volume will be canceled. The possibility of using IOC orders is determined on the trade server. |
| ISIN | International Securities Identifying Number, is not directly related to Forex (foreign exchange) trading. ISINs are primarily used to uniquely identify securities such as stocks, bonds, and other financial instruments, not currencies. |
| ITM | Is the option that can be exercised with profit. Call options are said to be in-the-money if the strike price is below the market price. A put option is in-the-money if the strike price is higher than the market price. |
| Kernel Time | Kernel mode operating time. An increase in this metric compared to the time spent in user mode can indicate system-level issues: drivers problems, hardware errors or slow hardware. |
| Largest loss trade | The largest loss of all loss-making trades; |
| Largest profit trade | The largest profit of all profitable trades; |
| Limited Loss | The strategy involves limiting of possible losses. |
| LR Correlation | Linear regression correlation. A balance graph is a broken line, which can be approximated by a straight line. To find the coordinates of the straight line, the least-squares method is applied. The resulting straight line is called "linear regression" and allows estimating the deviation of balance graph points from the linear regression. Correlation between the balance graph and the linear regression allows to estimate the degree of the capital variability. The less sharp peaks and troughs on the balance curve, the closer the parameter value is to 1. Values close to zero mean the random nature of trading. |
| LR Standard Error | The standard error of balance deviation from the linear regression. This index is used to estimate the balance chart deviation from the linear regression in money terms. It only makes sense to compare systems with similar initial conditions (the same values of the initial equity). The higher the value, the more balance deviates from a straight line. |
| Magnet sensitivity | The platform allows to "dock" anchor points (except for the central moving points) of graphical objects to different bar prices to locate them more precisely. In the "Magnet sensitivity" field, the sensitivity of this option in pixels can be defined. For example, if the value of 10 is specified, the object will automatically be docked to a bar if the object's anchor point is located within a distance of 10 pips from the nearest bar price (OHLC). That point should also be within the bar width. |
| Maintenance Margin | Minimum security deposit (margin) a trader should have on his or her account to maintain a one-lot position. |
| MFE | Maximum Favorable Excursion, maximum size of a potential profit occurred during the life time of a position |
| OTC | Over-The-Counter" (OTC) refers to the method of trading currencies. Forex trading is primarily conducted over-the-counter, and this term represents a decentralized system where participants trade directly with each other rather than through a centralized exchange, such as the stock market. |
| OTC Market | OTC market are big market players, such as banks and prime brokerages. |
| OTM | Out-of-the-money (OTM) is the option that cannot be exercised with profit. An option having a strike price above the market price (for call) or below the market price (for put) is said to be out-of-the-money. |
| Recovery factor | This parameter displays the risk level of the strategy (the funds that are put to risk to earn the obtained profit). It is calculated as the ratio of gained profit to the maximum drawdown; |
| Regardless of Volatility | The strategy is used regardless of the volatility of the underlying asset. |
| Sensitivity | Option sensitivity. It shows by how many points the price of the option's underlying asset should change so that the price of the option changes by one point. |
| Settlement Price | Is a reference to a specific price at which a currency pair is considered to be settled or closed for the day. It is the final price at which a trade is executed for a given trading day, and it serves as a reference point for marking the end of the day's trading activity. The settlement price can have various implications for traders and financial institutions, depending on the specific context in which it is used. |
| Sharpe Ratio | A classic measure which is commonly used to evaluate the performance of a portfolio manager, fund results or a trading system. The ratio is calculated as (Return – Risk-Free Rate)/Standard Deviation of Return. In the strategy tester, the Risk-Free Rate is assumed to be zero. |
| Show OHLC | Price are shown in the following format: OPEN, HIGH, LOW and CLOSE |
| Stack | The amount of used and allocated memory stack in kilobytes. |
| Strap | Buy two call options and one put option with the same strikes. |
| Strip | Buy one call option and two put options with equal strikes. |
| Thread Pool | Used by the system to efficiently manage the application's worker threads. |
| Twin peaks | The only signal to buy that can be generated when the bar chart values are below the zero line. |
| UAC | User Activity Control |
| Unlimited Loss | The loss is not limited in case of unfavorable outcome. |
| VPS | Forex Virtual Private Server, is a virtual server used by traders to host their trading platforms, automated trading systems (Expert Advisors), and trading software. Forex VPS hosting provides traders with a stable and secure environment to run their trading operations 24/7 without interruptions. |
| Worker | Platform system threads. These threads are used for service purposes, background calculations and others. |
| Z-Score | Series testing (the probability of correlation between trades). The series testing allows to estimate the degree of correlation between trades and evaluate whether the trade history includes more/less periods of consecutive profits/losses than normal distribution implies. |